Hi Midnight26 and all,
The negative inuendo crowd are really amusing they insinuate that a CR will be needed and for some reason this will be difficult to carry out.
Then once the company announces a quick successful CR and the $1,000,000.00 is banked from a handful of the larger shareholders, they once again try to put a negative spin on things.
As far as I recall each of the CR’s in recent times have been conducted at higher prices than the previous ones this allows the company to find working capital with a minimum of dilution for shareholders and I for one can’t see this as a bad thing.
As for the pricing of the CR I would remind people that as recently as 22/11/18 the stock traded at 14 cents presenting in my opinion an excellent entry point for those watching and waiting! Possibly missing out on almost a 30% gain in four weeks is upsetting for some.
If the negative inuendo crowd wish to know of an exploration company struggling with 40% discounted CR’s exorbitant underwriting fees, appalling dilution and horrendous shareholder value destruction we could name at least one.
Cheers and very best regards: Andy
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